Good News – Music Sales Are Up

Perhaps a record deal is a good idea after all?      04/10/04

Buying Choices
In a report out this morning from the IFPI, music sales grew by 1.7% over the same period last year. Videos and DVD sales benefit from a whopping 20% increase. These figures come after many months of doom and gloom from the impoverished record companies who, to be fair a have really had a cut of revenue from the proliferation of MP3 downloads via the internet. The figures, including a summary of the world's top ten markets, were published today by IFPI, representing the recording industry worldwide. IFPI has over 1,450 major and independent record company members in more than 70 countries. According to the IFPI, “The US music market is leading the recovery, while markets such as Canada, Germany and Japan are showing a substantial reduction in their rate of decline. But other markets including Spain, Italy and the Netherlands are still weak, and more recent reversals have hit sales in France and Australia” Jay Berman, IFPI Chairman and CEO said: "There are some signs that the world's markets are beginning to recover, boosted by the continued growth of DVD music video, digital sales and added-value releases. However, markets continue to be hampered by the dual effects of commercial and internet piracy. IFPI and its national groups are continuing to persuade music fans to download from legitimate music sites, and not file-share illegally. More and more consumers are using authorised download services - a distinctly positive sign."
  • http://www.ifpi.org/index.html

    z

    More News: Like This
    Even more news...

     



  • More Videos

    Friday Fun: Microvolt 3900 + Behringer Neutron Synth Jam 

    With Ventris Dual Reverb, Arturia Keystep and Lab4Music Sipario


    Friday Fun Synth Jam - Yamaha CS15 + Ventris Dual Verb 

    CS15 is a bit poorly


    Sonic LAB: Pittsburgh Modular Microvolt 3900 Desktop Semi Modular Synth 

    A mix of features from both East and West


    Sonic LAB: Samsung CJ 89 - 49 Inch Curved Monitor With USB-C 

    State of the art for super-wide workflow enhancement